Older Borrower FAQs
If you have a case in mind for our Older Borrower range, but want to find out more, we’ve answered some frequently asked questions below. You can find out more about our range of products on our Older Borrower product page. You can also find information about our criteria on our Older Borrower criteria page.
Can I submit intermediary mortgage applications online?
Yes, you can submit an application using Intermediary Online. You’ll need to register to use the platform, but you’ll be able to create and edit applications, upload documentation and receive notifications at each stage of the process.
Can I download intermediary application forms?
Yes, you can download a mortgage application form on our Downloads page. We can accept applications and supporting documents via email in the first instance at firstname.lastname@example.org but the original application form will need to be posted to our Principal Office address; Marsden Building Society, Principal Office, 6-20 Russell Street, Nelson, BB9 7NJ.
Do I need to register to submit an intermediary mortgage application?
No – there is no need to pre-register if you’re applying via paper application, we will use the information provided when you submit your first application with us. If you want to submit your application online, you will need to register for our Intermediary Online service.
Are your Older Borrower mortgages available as Interest Only?
Yes, mortgages are available for purchase, remortgage and unencumbered properties on an interest only or repayment basis, including remortgage from another lender, either like-for-like or with additional borrowing.
Can employed income be used to top up income on an Older Borrower mortgage application?
Employed and self-employed income can be considered to support pension income up to age 75 –please refer full details.We can also accept income from property and investments if evidenced by SA302’s and SA100’s.Please note: Where rental income is needed to support the mortgage, you must submit an Agreement in Principle. An element of property income can be used but the amount considered is linked to income and the debt outstanding on the investment properties.
Do you have an Older Borrower affordability calculator?
Yes- please see our Affordability Calculators page to find our Older Borrower Affordability Calculator.
What are your minimum income requirements?
Minimum income for Older Borrower mortgage applications is £17,500 per application (joint or single).
What is the allowed age range for an Older Borrower applicant?
Maximum mortgage term guidelines can be found on our Older Borrower criteria page.